Hot Industries

MEDIA

Size of the industry/Growth: The Indian Entertainment and Media (E&M) Industry is poised to grow at 19 per cent compounded annual growth rate (CAGR) to reach Rs 837.4 billion by 2010 from Rs. 353 billion (Rs 35,300 crore), according to a Federation of Indian Chambers of Commerce and Industry (FICCI) and PricewaterhouseCoopers (PwC) report titled Indian Entertainment and Media Industry -- Unraveling the potential.

The television segment is slated to grow from its present size of Rs 148 billion to Rs 427 billion by 2010, according to the report. The radio sector is projected to grow four times to Rs.12,000 million by 2010, while filmed entertainment is slated to reach Rs 153 billion. The print medium, according to the study, is poised to grow from the present size of Rs 109 billion to Rs 195 billion.

Recent Developments: The year 2005 was marked by the entry of new players across all segments of the industry. The most prominent entry was that of the Anil Ambani-controlled Reliance group in both the filmed entertainment and radio segments.

In the radio segment, companies have bid for FM licenses in 338 small towns and cities spread across the country in the second phase of liberalisation, and an overwhelming majority of these companies did not even have a presence in the entertainment and media space, let alone the radio sector, earlier, the report pointed out.

BIOTECHNOLOGY

Growth: The industry has touched the magical $one billion (Rs 4745 crore) mark ($1.068 billion to be precise) in '05. According to ASSOCHAM, the consumption of biotech products would cross USD 4.2 billion by 2010 as against USD 1.8 billion in 1999.

Job creation/ Recent Developments: According to a Ernst & Young report on health sciences and Indian biopharma market, the country's biotech industry is brimming with possibilities for growth in almost all verticals from Active Pharma Ingredients (APIs) to medical tourism. This sector has the potential of generating revenues of US$ 5 Billion and creating one million jobs by 2010 through products and services.

Industry statement: According to a NASSCOM-KPMG study, the biotech industry's R&D and services will reach a turnover of US$3 billion by 2010 and the bioinformatics market will touch US$ 2 billion.

HEALTHCARE

Growth: McKinsey expects this industry to become a $2-billion industry from the present $333 million one by 2012 with a million tourists visiting india for MVAT.

At present, India spends Rs 1,03,000 crore or 5.2 % of the country’s GDP on healthcare services. Of this, only 0.8 % is public expenditure while the rest is private.

Industry estimates expect this figure to rise to 8% of the GDP by 2012. The average state healthcare allocations have also come down from an average 7.02 % of the GDP in 1985-86 to 4.71 % of the annual budget in 2004-05.

Job creation/ Recent Developments: Healthcare, across the world, is considered to be the largest employer. Healthcare today offers direct employment to over 4 million people in India, which is expected to go up to almost 7 million by 2012. And the jobs are not just restricted to doctors and nurses. This sector would require a large number of paramedical staff, and more importantly a large number of managers with expertise across different functions.

Prime Actors: The Private Healthcare sector, said to be responsible for more than 80% of healthcare delivery in India, has invested heavily in setting up state-of-the-art Tertiary Care Institutes offering both general and specialty services. Major corporations like the Tatas, Apollo Group, Fortis, Max, Wockhardt, Piramal, Duncan, Ispat and Escorts have made significant investments in setting up state-of–the-art private hospitals in cities like Mumbai, New Delhi, Chennai and Hyderabad.